Australia’s Future Fund nears $150b, logs positive returns for property
Investors - OCTOBER 26, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Australia’s Future Fund nears $150b, logs positive returns for property

by Kali Persall

Australia’s sovereign wealth fund, Future Fund, has grown to A$199 billion ($148 billion) on the heels of high returns during the 2020–2021 fiscal year. The fund clocked a 22 percent return for that fiscal year.

Investment returns have added more than A$138 billion ($103 billion) to the A$60.5 billion ($45 billion) originally contributed by the government after the fund was set up in 2006, according to Peter Costello, chair of the Future Fund board of guardians.

These latest returns bring the Future Fund’s total funds under management to A$248 billion ($185 billion).

“The global economic recovery has continued although the dividend from reopening is beginning to fade. While supply chain disruptions are a headwind, global economic activity is supported by strong consumer demand and the continuation of supportive fiscal and monetary policy settings,” said Costello.

As of Sept. 30, a property allocation made up 6 percent of the Future Fund, at a va

Forgot your username or password?